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Slow issuance Thursday: $950M in US$....>

US PIPELINE: Slow issuance Thursday: $950M in US$ high-grade corporate bonds,
and a $3.0B FHLBanks agency note:
Date $MM Issuer/Rating/Desc/Maturity/Yld/Leads; Priced *; Launch #:
10/12 TBD    Philippines Baa2/BBB/BBB- US meetings Oct 6-13 C/DB/MS/SCB
10/12 $3.0B *FHLBanks 2-year global note: UST +8 bps; BARC/C/MS
10/12 $300M *Intercorp Fincl Srvs 10Y +190 bps        BAML/INTER/JPM
10/12 $650M *Gerdau BBB-/BBB- 144a/RegS 10Y 5%        C/SANT
10/12 TBD    Quatar eyed $9B in international bonds; no time set yet
10/12 $2B    China: MOF: China to do $2B deal:$1B 5Y, $1B 10Y in HKG
- Issuance date to be unveiled in coming days; bonds to trade on HKSE 
- China last sold $ debt in 2004: $1.7B US$/EUR 5Y, 7Y deal
- S&P downgraded China rating by one step Sep 21 to A+, stable outlook
10/12 TBD Kia Mtrs Baa2/A-/BBB+ 144a/RgS rdshw Oct9 BNP/BAML/C/CA/HSBC/NOM
10/12 TBD Hanjin Bank: Potentl US$ deal w/ KEXIM Guar? BNP/DAIWA/GS

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